A impact of financial literacy on financial decision-making : examining overconfidence and availability as mediating variables among generation Z

english

2025

volume 16, issue 1

availability of financial decision   financial literacy   overconfidence

GEA College
(Obvezni izvod spletne publikacije)

This study aims to analyze the influence of financial literacy, overconfidence, and availability on decision-making, as well as to examine the mediating role of overconfidence and availability in the relationship between financial literacy on financial decisions. The research adopts a quantitative approach, utilizing an incidental sampling technique based on the Slovin formula to select a sample of 500 Generation Z respondents from South Sulawesi, Indonesia. Data were collected through the distribution of structured questionnaires. The data analysis was conducted using the SMART PLS application. The results of direct hypothesis testing show that financial literacy has a positive and significant effect on financial decision-making, Additionally, financial literacy positively and significantly influences availability, while overconfidence also exhibits a positive and significant effect on financial decision-making, Furthermore, financial literacy significantly impacts financial decision-making through both overconfidence and availability as mediating variables

11.06.2025